Regulatory Disclosure
Last update: 23 April 2024
In our collaborative landscape, we engage with institutions that either fall under the regulatory purview of the FCA due to necessity or are exempt by virtue of their global positioning. This tailored approach ensures adherence to pertinent regulations where required while embracing the flexibility demanded by diverse jurisdictions. Our discerning partnership ethos unites regulatory rigor with global versatility, sculpting a dynamic environment that thrives on trust, compliance, and international vibrancy.
1) General
This section serves to elucidate the foundational framework upon which Vesica™ Capital Limited (known herein as "Vesica™", “we”, “our”, or the "Company") has formulated and presented specific mandates and details in accordance with the stipulations outlined by its regulatory authority, the Financial Conduct Authority (FCA) within the United Kingdom. This content is not indicative of any financial statement concerning Vesica™, nor does it represent a current or anticipatory depiction or assessment of the Company’s operations.
2) Regulatory Profile
Vesica™ was officially incorporated on September 7, 2021. As of now, the Company operates without authorization or regulation from the Financial Conduct Authority (FCA). Collaboratively, we may engage with third-party entities, some of which are subject to FCA regulation and possess the capability to address our needs within the United Kingdom. It's important to note that certain third-party entities we may engage with might not be subject to FCA regulation, as their activities may not necessitate such oversight. Furthermore, some of these third-party interactions might occur outside the jurisdiction of the United Kingdom.
Vesica™ operates as an independent entity and is not currently affiliated with any corporate group structure. Given the current scope of our operations, we are not subject to regulatory requirements. However, should our activities evolve to necessitate regulation, we commit to initiating the regulatory process in the relevant jurisdiction(s) to ensure compliance with all necessary requirements.
3) Governance
The governance of Vesica™ rests with its director(s), who are entrusted with formulating the Company's business strategies and delineating its risk tolerance in response to the preferences of our valued clients. The director(s) shoulder the responsibility of instituting and upholding the Company's governance framework at present. It's crucial to acknowledge that modifications to the corporate structure possess the potential to alter the allocation of responsibilities, potentially triggering Compliance oversight. Our commitment to effective governance remains steadfast, ensuring transparency and accountability in our operations.
4) Risk Management
Recognizing the intricate fabric of operational frameworks, Vesica™ duly recognizes distinct levels of risk that underscore its operational architecture. As of this declaration phase, the director(s) diligently bear the mantle of ensuring effective risk management across all frameworks, meticulously adhering to defined parameters. Our astute comprehension identifies key risk frameworks, binding any engagement within these frameworks to risk management and calibrating tolerance in accordance with the following requisites:
Credit Risk: While client funds may be held, Vesica™ does not extend credit to clients. Equally, our working capital accounts are securely held within a reputable credit institution, translating to minimal credit risk exposure. Transactions conducted via external platforms or third-party entities are subjected to prescribed requirements and strategic considerations.
Market Risk: In active engagement with the financial markets, Vesica™ adeptly navigates positions within specified requirements using regulated institutions. Notably, significant foreign exchange exposures are absent from our purview. Resultantly, the impact of market risk remains minimal, underscored by an orthodox approach that aligns with prevailing market standards.
Operational Risk: A comprehensive risk assessment framework forms the bedrock of our operational architecture. In systematically addressing operational risks, we are conscientiously working on deploying and improving robust systems and controls to mitigate potential vulnerabilities. The residual operational risks have been meticulously managed, yielding a commendably low perception of risk.
Liquidity Risk: Vesica™ adeptly addresses liquidity risk, a key consideration in our operational landscape. This pertains to our ability to meet financial obligations promptly. While we may manage client funds judiciously, we remain cautious of potential scenarios where liquidity demands may surge unexpectedly. Our astute strategies encompass prudent allocation of assets and reserves, mitigating the impact of liquidity fluctuations, and ensuring continued stability.
Compliance Risk: The sphere of compliance risk is vigilantly navigated within Vesica™. This encapsulates the potential for non-conformance with regulatory and legal requirements. As mentioned above, we are working on a suitable compliance framework, ensuring our activities align scrupulously with stipulated norms. Through our commitment to adherence, we safeguard our clients' interests while maintaining the integrity of our operations.
Reputation Risk: Vesica™ recognises reputation risk as an integral dimension within our risk management paradigm. This entails the potential impact on our reputation due to unfavourable events or actions. Upholding our sterling reputation is paramount. Through transparency, ethical conduct, and due diligence, we fortify our standing in the financial ecosystem. Our concerted efforts to nurture trust and credibility serve as safeguards against reputational vulnerabilities.
Looking ahead, Vesica™ recognises the multidimensional landscape of risk, which beckons a comprehensive vantage. Our tailored approaches underscore our resolve to mitigate potential vulnerabilities, ensuring the security and success of our clients and the steadfastness of our mission.